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Dec 9, 2013 6:00am EST
deal will reach to avoid a medium-term government shutdown. paul ryan and patty murray will chair the house and senate budget committees, they're working hard to reach a long-term agreement. get that short-term, medium-term, long-term? our correspondent is in charge of terms. peter, i'm budget conferenced worn out. what's different this time? >> tom, i hate to deliver this bad news but on your birthday you will not be getting a grand bargain. the two of them continue their communications over the weekend. they're going to reach by all accounts, they're close to this smaller deal which will effectively replace the sequester cuts over the next two years, cap spending, replace those cuts with other sources of revenue, other fees, things like that. but no mage deer sigses here on taxes or entitlement programs. they're kicking the can down the road. dick doiben the number two senate democrat said negotiations are going in the right direction. >> negotiations are making progress moving in the right direction. they haven't closed the deal. >> they haven't closed the deal. what's needed t
Dec 5, 2013 6:00am EST
-block phone companies in vermont and wyoming have applied. speeches ofe of the the year. paul volcker speaking at the economic club in new york. he was on fire. he was as well when he wrote the volcker rule, i think was four pages long. now it has become 950 pages. it is now the phone book. it in -- it counts five and federal aid -- agencies. regulators want more regulation. tim adams is former undersecretary for international affairs and now with the institute for international finance. he would like to see possibly a little less or smarter regulation. what will banking be like fourth of july of next year if they have to implementing volcker rule? >> it is not just volcker rule but we have wholesale funding and liquidity rules. a whole bunch of things that have to happen. we are still in the middle stages of implementation. it is the cumulative effect we don't know. how can any ceo understand the business model year from now if they don't know how the regulations look like. >> if there mandate -- thier mandate, jamie dimon, jpmorgan, it is to return on equity, do you just presume job cuts? >>
Search Results 0 to 1 of about 2